Here’s the straight answer: there is no new one-time “$2,560 CPP pension boost.” In 2025, CPP payments rose by 2.6% due to the annual cost-of-living adjustment.
The maximum new retirement pension at age 65 is $1,433.00 per month (January 2025 start).
Separately, the CPP death benefit is $2,559.30 (often rounded to $2,560), but that is a one-time estate/survivor payment, not a monthly pension increase.
Why CPP is rising: COLA + Enhancement
- COLA 2025: Benefits paid during 2024 were indexed +2.6% for 2025 to keep up with inflation. No action is needed— the raise is automatic.
- CPP Enhancement: Since 2019, CPP has been phasing in higher future benefits. In 2025, the first earnings ceiling (YMPE) is $71,300, and the second earnings ceiling (YAMPE) is $81,200. Workers pay 5.95% on earnings up to YMPE and an additional 4% CPP2 between YMPE and YAMPE (self-employed pay both shares). Over time, this raises replacement rates up to one-third of covered earnings and increases maximum pensions for those contributing under the enhancement for many years.
Who is eligible for a CPP retirement pension?
You’re generally eligible if you’ve made at least one valid CPP contribution.
You can start any time from 60 to 70: taking it before 65 reduces the amount; after 65 increases it (up to age 70). You must apply—CPP does not start automatically.
2025 CPP payment schedule
CPP pays monthly. For 2025, deposits are scheduled on the following dates:
Jan 29, Feb 26, Mar 27, Apr 28, May 28, Jun 26, Jul 29, Aug 27, Sep 25, Oct 29, Nov 26, Dec 22.
Key numbers at a glance (2025)
| Item | 2025 amount / rule |
|---|---|
| COLA increase | +2.6% (applied to 2024 benefits for 2025) |
| Max new retirement pension at 65 (Jan 2025 start) | $1,433.00/month |
| CPP death benefit (one-time) | $2,559.30 (≈ “$2,560”) |
| YMPE (first ceiling) | $71,300 |
| YAMPE (second ceiling) | $81,200 |
| Base CPP rate (employee/employer) | 5.95% up to YMPE |
| CPP2 rate between YMPE and YAMPE | 4% (employee & employer each; 8% self-employed) |
| 2025 payment dates | Jan 29; Feb 26; Mar 27; Apr 28; May 28; Jun 26; Jul 29; Aug 27; Sep 25; Oct 29; Nov 26; Dec 22 |
How the increase works for you
- If you were already receiving CPP in 2024, your January–December 2025 payments reflect the 2.6% COLA.
- If you start CPP in 2025, your starting amount is based on your lifetime contributions, start age, and the enhancement rules in effect; the maximum at 65 for new beneficiaries beginning in January 2025 is $1,433.00/month (few qualify for the absolute max).
- The widely shared “$2,560 boost” is actually the one-time CPP death benefit—not a monthly raise. Plan your budget using your indexed monthly amount and the official payment dates above.
Eligibility checklist (quick)
- Contributed to CPP at least once.
- Age 60–70 when you start; 65 is the standard benchmark.
- Apply online or by paper; CPP doesn’t start automatically.
In 2025, CPP benefits are higher thanks to a 2.6% inflation adjustment and the ongoing CPP enhancement that gradually boosts future pensions—especially for those contributing between the two earnings ceilings.
Treat the often-quoted “$2,560” as the one-time death benefit, not a monthly “bonus.”
To maximize what you receive, choose your start age wisely, confirm your Statement of Contributions, and mark the official 2025 payment dates so cash flow stays predictable all year.
FAQs
Is there a special $2,560 CPP top-up in 2025?
No. That figure refers to the one-time CPP death benefit ($2,559.30), not a pension top-up. Regular CPP pensions rose via 2.6% COLA in 2025.
What is the maximum CPP pension I can get at 65 in 2025?
For new beneficiaries starting in January 2025, the maximum is $1,433.00/month. Your actual amount depends on your contribution history and start age.
When are CPP payments made in 2025?
Jan 29, Feb 26, Mar 27, Apr 28, May 28, Jun 26, Jul 29, Aug 27, Sep 25, Oct 29, Nov 26, Dec 22.
